# What is Blockchain analysis? By [iamyakuza.eth](https://paragraph.com/@iamyakuza-eth) ยท 2022-12-20 --- DeFi World give us the chance to freely go and check what's happening in the blockchain in regards transactions. This is the so called on-chain analysis or Blockchain analysis and I f[@ken](https://lenster.xyz/u/ken) .. love it!! ๐Ÿ’— Let's take a deep dive ๐ŸŒŠ๐ŸŒŠ On-chain analysis refers to the process of examining data recorded on a blockchain to gain insights about the activity taking place on that blockchain. It is a powerful tool that can be used to understand trends, identify patterns, and make predictions about the future direction of a blockchain-based project. One of the key benefits of on-chain analysis is that it provides a transparent and objective view of activity on the blockchain. This is because all transactions on a blockchain are recorded in a public ledger, and anyone can view this data to see what is happening. There are many different types of on-chain analysis that can be performed. For example, one common approach is to examine the volume of transactions on the blockchain over time. This can help to identify trends in usage and adoption, as well as any spikes or dips in activity. Another approach is to look at the distribution of tokens or assets on the blockchain. This can provide insight into the concentration of ownership and help to identify any potential centralization or monopolization of resources. On-chain analysis can also be used to examine the behavior of different groups of users on the blockchain. For example, it can be used to study the activity of early adopters versus late adopters, or to identify patterns of usage among different demographic groups. Overall, on-chain analysis is an important tool for anyone looking to understand the activity and dynamics of a blockchain-based project. It can provide valuable insights and help to inform decision-making, whether you are an investor, developer, or simply a member of the community. Come take a look at some of the on-chain analysis websites/tools: Dune - [https://dune.com/iamyakuza](https://dune.com/iamyakuza) Etherscan - [https://etherscan.io/](https://etherscan.io/) Token Terminal - [https://tokenterminal.com/terminal](https://tokenterminal.com/terminal) Glassnode - [https://glassnode.com/](https://glassnode.com/) Nansen - [https://www.nansen.ai/](https://www.nansen.ai/) Santiment - [https://santiment.net/](https://santiment.net/) Messari - [https://messari.io/](https://messari.io/) CryptoQuant - [https://cryptoquant.com/asset/btc/summary](https://cryptoquant.com/asset/btc/summary) Lens stats - [https://stats.lens.xyz/](https://stats.lens.xyz/) --- *Originally published on [iamyakuza.eth](https://paragraph.com/@iamyakuza-eth/what-is-blockchain-analysis)*